Electric bicycles are tons of fun, great for the environment, and provide a unique exercise option for people of all ages. But did you know e-bikes could also save you a lot of money? That’s because an e-bike is a great alternative to driving a car for your daily work commute. Compared with a gasoline or electric vehicle, e-bikes are significantly cheaper, even after accounting for the upfront electric bicycle cost. And many commutes are a manageable distance for an e-bike, especially one with a robust motor and battery, like Himiway brand bikes.
If you’re looking for ways to save money commuting, or simply want to know all the economic benefits of owning an e-bike, look no further. Below, we outline seven unique ways in which an e-bike can save you money on commuting. Once you know all the costs and fees you could be avoiding by commuting with an e-bike, you won’t ever want to go back to a traditional car. Let’s take a look at the specific ways an e-bike can be your most cost-efficient choice.
Cost of an E-bike
The price of a new e-bike is much lower than that of a new car. Even a used car will be many thousands of dollars more than a brand new, state-of-the-art e-bike. If you are looking for an electric bike with strong performance, high durability, and sleek aesthetics, you can purchase one right now for less than $1,700. A similarly priced car will be old, have many miles on it, and likely need repairs right away. But many e-bikes come equipped with a warranty, so you won’t need to worry about anything going wrong with your new purchase. Himiway e-bikes even come with an extended 2-year warranty with every purchase.
E-bikes are more expensive than some traditional bikes, but they come with plenty of additional benefits that you won’t find with your standard pedal bicycle. The flexibility of being able to pedal however much you want (or not at all), the ability to reach safe cruising speeds quickly, and the durable design of e-bikes puts them in a completely different league than traditional bikes.
Charging the battery of an e-bike is not only better for the environment than using gasoline for a car, but it is much cheaper, too. You can calculate how much it costs to charge your e-bike with just 3 things: the battery voltage of your e-bike, the amp-hour of the bike’s battery, and your specific electricity rates in Kilowatt-hours (KWh). You can check your electric bill for the last piece of information.
Multiply the voltage by the amp hours to find your Watt-hours. Then divide the Watt-hours by 1,000 to get Kilowatt-hours (KWh). Then, simply multiply the Kilowatt-hours by your local electricity cost per Kilowatt hour. You will find that your e-bike probably costs only a few pennies to charge depending on where you live. You can then figure out how many times you charge your bike while commuting each day to determine your daily, weekly, and yearly costs. No matter how much you pay for electricity in your area, it is sure to be much lower than the refueling cost of a vehicle.
One great tip is to charge your e-bike at work if your employer allows it. This way you are not paying anything to charge your favorite mode of transportation!
Another way e-bikes can save you money commuting is by using less wear and tear on the tires than a standard vehicle. If properly maintained, e-bike tires can last much longer than car tires. Car tires are expensive too! The cost of replacing an e-bike tire is much lower than a car tire.
In addition to lower tire costs, general maintenance costs for an e-bike are substantially lower than a vehicle. No oil changes, brakes pads, front-end alignments, or filters need to be replaced with an electric bike. No one likes waiting at the mechanic’s shop while they get costly repairs or work done on their car. Skip the expensive maintenance and enjoy the bike savings from using an e-bike to commute.
Tax & Insurance Costs
Many people forget to factor in the cost of sales tax and insurance premiums when looking at the price of a car. Many cars require high insurance costs to be able to legally drive them. And when you purchase the car, taxes, title fees, and registration fees will come as a big shock. Avoid all the hidden fees associated with tax and insurance by opting for an e-bike instead.
Just when you think you’ve considered every cost of a car, you need to remember parking fees! Many cities and events require drivers to pay high parking fees. Parking spots are also usually limited and you may find yourself circling the parking garage and parking lots for a while before you can even find a spot. Looking at the cost to park an e-bike (which is often zero!), the benefits of commuting with an e-bike begin to really add up. Don’t forget to lock your e-bike though! A single day of parking your car could easily pay for the price of a good e-bike lock which you will then have forever.
Finally, it is important to consider one of the hidden savings of e-bikes: your health! Medical expenses are very high in the United States because most people do not take care of their health. But by using an e-bike to commute to work, you are staying healthy and reducing the chance of needing medical attention. E-bikes are an exercise for the whole body. It’s a great form of cardio, burns calories, strengthens the lungs, and even improves your mental health. All of these benefits reduce the chance of diseases and therefore, reduce the amount of money you may need to pay for healthcare later in life.
There are even more ways that e-bikes can save you money commuting, but we hope that these specific points will help you make your decision on how to commute in the future. To recap, the electric bike cost is lower than the upfront cost of a car, the charging costs are far lower than fuel costs, tire & maintenance costs are almost non-existent compared to a traditional vehicle, parking fees are eliminated, and medical costs later in life will be lower because you invested in your health.
We’re confident you’ll feel great after joining the e-bike community and establishing your new commuting habits. Ride safe and don’t forget to check out our related article for 6 Helpful Tips about Riding an Electric Bike in Traffic.